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Apr 24, 2013
04/13
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they're going to get rid of the l & g tax break, aren't they? >> right now, i don't know if we can count on having a tax incentive for this year. >> to keep that so it makes it the btu equivalent is the bad for you. >> this is insane. >> it is insane. >> so the government, today to use a clean domestic fuel produced in america, we pay more on federal highway tax than the imported diesel. 18 cents a gallon. >> who is your backer in congress who understands -- >> well, we're working it, jim, i hope somebody is watching it tonight. we got to get that fixed. it isn't a big number today. it puts us at a disadvantage. it needs to get fixed. >> i think of trucking. i think of fedex and ups. fedex right here, in the heart of gold, they're skeptical. i might as well say, listen, that's a bad idea. >> listen, fred smith is a great put a. >> ceo. >> ceo, we love him. >> we love him. >> he basically said, i'm going to electrifify my fleet. >> by the way, they have 90,000 vehicles and he said publicly we are going to gasify. i was on a panel with bill today
they're going to get rid of the l & g tax break, aren't they? >> right now, i don't know if we can count on having a tax incentive for this year. >> to keep that so it makes it the btu equivalent is the bad for you. >> this is insane. >> it is insane. >> so the government, today to use a clean domestic fuel produced in america, we pay more on federal highway tax than the imported diesel. 18 cents a gallon. >> who is your backer in congress who understands...
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Apr 17, 2013
04/13
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're that kind of airline. and we never stop looking for a better way. it's how we've grown into america's largest domestic airline. we are southwest. welcome aboard. >>> all right. maybe this market's lost some of its exuberance over the past few days. maybe we haven't been seeing some of those record highs that become so common that they're almost yawn-worthy. commodities have gotten hammered. and you definitely want to cry when you look at a gold chart or even an oil one. west texas closes at 86. but we also got some super housing start data this week, which is all great news all around. and all because housing punches above its weight in terms of the econo
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're that kind of airline. and we never stop looking for a better...
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Apr 19, 2013
04/13
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you know, taxes are changing, payroll taxes, income taxes, sequestration. and there was a little bit of a pause. but then we saw us get out of that, and i think they're still confidence-rich -- confidence-poor -- confidence-rich and cash-poor. >> i love that phrase, and i have gave you credit of late. initially, no. military, you've had two relationships with military. one, i've never seen a company more aggressively try to hire people from the military. and the other thing is, i didn't know you did so much business with the military, and that's been tough now because of sequester. >> sure, sure. one of the things about snap-on, for years we focused on auto repair. but what we've been doing lately is rolling the snap-on brand out of the garage to critical industries where the penalty for failure is high. >> aerospace. >> aerospace, military. one of the first places we went to is military. and we built a big business there. it's been down, but aerospace is coming up. aerospace and natural resources is what double digits in the quarter for us. i was just at a
you know, taxes are changing, payroll taxes, income taxes, sequestration. and there was a little bit of a pause. but then we saw us get out of that, and i think they're still confidence-rich -- confidence-poor -- confidence-rich and cash-poor. >> i love that phrase, and i have gave you credit of late. initially, no. military, you've had two relationships with military. one, i've never seen a company more aggressively try to hire people from the military. and the other thing is, i didn't...
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Apr 24, 2013
04/13
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yes, so apple becomes still one more bond equivalent with a better coupon than the bond itself that's tax advantaged. without new products what you have is a company that's not much different in their eyes than something as prosaic as kimberly-clark or pepsico or even mcdonald's. they're all innovators too and they're all marching around the world with new products and winning everywhere they seem to go with good balance sheet, good yield. these companies have the secret sauce which is expanding gross margins and higher earnings. and as lacking as mcdonald's might be, they are a technical marvel in their own ability to deliver, well, what i had this morning on the set of "squawk on the street." a healthy egg mcmuffin with much less cholesterol because it was made with egg whites. don't laugh! don't laugh. you have to understand what the stock market really wants right now. it wants consistent, higher earnings with a consistent increase in dividend. apple gives you only the latter, not the former. the market wants visible innovation that can move the needle. apple does not have that yet, e
yes, so apple becomes still one more bond equivalent with a better coupon than the bond itself that's tax advantaged. without new products what you have is a company that's not much different in their eyes than something as prosaic as kimberly-clark or pepsico or even mcdonald's. they're all innovators too and they're all marching around the world with new products and winning everywhere they seem to go with good balance sheet, good yield. these companies have the secret sauce which is...
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Apr 18, 2013
04/13
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mortgages are a great bargain under the tax code. >> it's extraordinary. >> are they going to get rid of the deduction? mortgage deduction? >> i don't think so. it by far impacts middle america more than anyone else. if they tweak it, it will be on the edge. but listen, mortgage interest deduction has been around over 100 years. i don't believe it's going anywhere. >> demand outstripping supply in your last conference call. you said that. even better now? >> it is. >> is there a housing shortage, sir? >> absolutely. >> there is? >> it's worse than any of us imagined. >> what states? >> let's look at new york city as an example. there are no inventory. >> people are knocking on people's doors who do not have signs. i'm not kidding. >> i know. i know that to be the -- we tell them to do it. they're literally trying to convince you to sell. now, the seller's got to convince themselves that they can actually get the price they want. and that is starting to change. i mean, you're seeing extraordinary price increases. we have markets where prices are increasing 25%, 30%, and they're still b
mortgages are a great bargain under the tax code. >> it's extraordinary. >> are they going to get rid of the deduction? mortgage deduction? >> i don't think so. it by far impacts middle america more than anyone else. if they tweak it, it will be on the edge. but listen, mortgage interest deduction has been around over 100 years. i don't believe it's going anywhere. >> demand outstripping supply in your last conference call. you said that. even better now? >> it is....